86 Willey St Ojai, CA 93023
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About this home
This beautifully updated 3-bedroom, 2-bath home offers 1,257 square feet of comfortable, move-in ready living space--and feels even more expansive thanks to the wraparound covered patio that seamlessly blends indoor and outdoor living. If you love to cook, you'll enjoy the spacious kitchen with updated cabinetry, sleek countertops, and stainless steel appliances. For those who love to entertain, sliding glass doors off both the kitchen and living room open directly to the patio, creating the perfect flow for gatherings or quiet evenings outside. The primary bedroom is oversized, offering a serene retreat with a beautifully remodeled bathroom and walk-in shower. Set on a 7,840 sq ft lot, there's space to garden, relax, and even park your RV or boat along the large gated side yard. This single-level home is located in the desirable Mira Monte neighborhood, just moments from the Ojai Valley Trail and surrounded by walkable streets with sidewalks perfect for evening strolls. For eligible buyers, an assumable FHA loan with a low interest rate may be available--an incredible opportunity in today's market. This is a home designed to simplify life--so you can enjoy all that the Ojai Valley has to offer.
Source: CRMLS #V1-32278
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.